Category Archives: Cherubim Interests Inc. CHIT

Earlier today, Cherubim Interests, Inc. (OTC: CHIT) released a letter to shareholders detailing several corporate initiatives stemming from its previously announced stimulus program. This program, originally outlined in October 2015, is intended to serve as a blueprint to the company’s ongoing efforts to enhance net stockholder equity while simultaneously acquiring and attracting favorable investment opportunities. Notably, Cherubim has made progress in the development of its hybrid business model through the acquisition of two revenue-producing assets, including Victura Roofing LLC and Cherubim Builders Group LLC (Oklahoma), which both jumpstarted the company’s roofing footprint in Dallas-Fort Worth and cleared the way for immediate expansion into the Oklahoma City Metropolitan Area.

The early results stemming from these acquisitions paint a promising picture for the future of Cherubim. According to today’s update, the company has already subcontracted large-loss residential reconstruction projects totaling in excess of $400,000 in revenues. The company also continues to prepare for the grand opening of its BudCube Cultivation Systems cultivation centers, which will leverage a proprietary, fully-portable and scalable controlled environment technology to allow cultivators to gain quick access to the fast growing medical and recreational cannabis markets at an attractive price point. Cherubim is currently in the process of prospecting raw land for the project.

On the financial front, Cherubim’s management team has also placed focus on solidifying the company’s balance sheet in recent months. Since May 31, 2015, Cherubim has successfully eliminated more than $1.5 million of affiliate and non-affiliate debt from its books, including over 90 percent of its ‘toxic’ convertible debt. To reward its majority stakeholders and insulate them from past, present and future dilution, Cherubim also created a series of anti-dilutive, convertible preferred shares, which it released in the form of a dividend payment. In an October news release, Patrick Johnson, CEO of Cherubim, acknowledged that there has been “significant dilution over the recent past in Cherubim” as a result of “the automatic conversion of aged non-affiliated debt.” He added that the company’s decision to issue a convertible preferred stock dividend was aimed at protecting “the integrity of people’s investments in the open market.”

“Our go forward strategy is a simple one: continue to execute on the plan set forth last October,” Johnson added in this morning’s update. “I am pleased to address shareholders… and want to reiterate our commitment to strengthening our stride and growing corporate equity.”

The controlled environment agricultural (CEA) landscape is looking greener as attitudes warm toward cannabis use in the United States. A recent survey (http://dtn.fm/aLZP0) by the PewResearchCenter found that 53 percent of Americans would like to see cannabis legalized. CEA systems can range from simple, low-tech devices such as row covers to high-tech greenhouses that are controlled by computers. Typically, CEA facilities are employed in growing vegetables and flowers, and, according to a TechNewsWorld article (http://dtn.fm/qMa78), the four main CEA crops are cucumber, lettuce, peppers and tomato. Even astronauts floating around on the International Space Station have tried their hands at CEA, growing ‘leafy greens both to eat and to advance scientific knowledge.’ Now, cannabis growers are embracing CEA methods with open arms.

The big advantage of CEA is, of course, that the grower can escape the vagaries of weather, but one other salient feature of CEA is security, particularly with a crop such as cannabis. Although praedial larceny is not as prevalent as it was in the days of the Wild West, it’s very likely that cannabis crops may pose a temptation to today’s ‘rustlers’. A recent NPR story (http://dtn.fm/CcF1A) reports that cattle rustling is making a comeback in certain parts of the country, driven by the high price of beef and the spread of substance abuse. These are factors that, undoubtedly, will bear on cannabis farming.

The BudCube Cultivation System will obviate such theft since it operates in a protected indoor environment. A single BudCube Unit is around 800 sq. ft. and will produce two crops of 20 plants per crop within six months. The first crop can be harvested at 14 weeks, with the second following after an additional 12 weeks. Cherubim Interests, Inc. (OTC: CHIT) estimates that one plant will yield an average of one pound of product with a market price of $1,700 a pound, providing gross revenues of $68,000. Another great advantage of the BudCube Cultivation System is that it will generate revenues in just over three months’ time.

As the social and political environment eases its hostility to the use of cannabis, Cherubim is set to strike while the iron is hot. A Reuters report (http://dtn.fm/q64TN) last year stated that Georgia had enacted a law legalizing the use of marijuana for medical purposes. To date, according to ProCon.org, 23 states and the District of Columbia have legalized cannabis for medical use. Georgia will soon bring that number to 24. Additionally, four states – including Alaska, Colorado, Oregon and Washington – and the District of Columbia also allow the recreational use of cannabis.

According to Leafly, the online information resource devoted to news on the cannabis industry, ‘Legislators in Georgia, Illinois, Wyoming, and Virginia are all seeking to decriminalize the possession of small amounts of cannabis, and… New Mexico is trying to join four other states (and one district) by legalizing cannabis in 2016’. Missouri has also passed a decriminalization law which is due to take effect on January 1, 2017. Decriminalization is not the same thing as legalization. Decriminalization means that possession and use of cannabis will not be treated as criminal offenses but may still carry penalties.

Cherubim, which, through subsidiary BudCube Cultivation Systems USA, is developing and marketing the BudCube units, invests in undervalued real estate assets in order to create safer living environments and promote more desirable lifestyles for future generations. The company specializes in a full array of development activities – including due diligence, acquisition, planning, construction, renovation and property management – allowing it to upgrade assets to their full market potential while providing a substantial return to investors.

Cherubim Interests, Inc. (OTC: CHIT) is an atypical operator within the real estate development, alternative construction and controlled environment agriculture sectors. The company strives to make a positive impact on the communities surrounding its Texas base while protecting the reliability of its stockholders’ investments.

Squarely in an expansion stage, Cherubim Interests is focused on advancing its hybrid business model by leaps and bounds. In pursuit of this goal, Cherubim Interests employs novel business tactics and acquisition strategies to promote swift market growth and considerable financial growth. The company targets alternative, commercial, single and multifamily residences for investment purchase when opportunities are present. It also provides renovation services to the unit owners of third-party multifamily dwellings on a turn-key basis.

Cherubim Interests is managed by an experienced steering team comprised of directors with expertise in disciplines including property management, construction and finance. More than a buyer, the investment company has resolved to become a leader in these fields.

Cherubim Interests is already well-known for delivering beginning-to-end development programs for single, mixed-use and multifamily projects and properties. What’s more, the company’s specialties cover the full spectrum of real estate development – including due diligence, acquisition, planning, construction, renovation and property management.

In the decade since its founding, the company has targeted present and future market opportunities, especially in the fast-evolving industry that is the controlled environment agriculture sector. In this space, both Cherubim Interests and its subsidiary, BudCube Cultivation Systems, are well-placed to benefit from one feature of that market: the growing demand for grow space to accommodate legal medicinal and recreational cannabis and other plant species.

BudCube is in the midst of launching its beta test facility in Oregon. Initial plans are to expand via land acquisitions and pre-leasing programs into supplementary areas where medicinal or recreational cannabis cultivation is legal. Considering the many state-by-state legalization initiatives concerning medical cannabis that are in motion throughout the nation, BudCube stands to profit greatly as more cultivators seek to gain entry into this thriving industry.

BudCube’s area of focus is on movable, scalable plant cultivation facilities. In the cultivation industry, time really is money, and the BudCube team understands that. This is precisely where the company stands apart from others, with a proprietary, controlled environment cultivation model that is superior to conventional models and that speeds up the harvest and sales processes. Within a 28-week cycle, growers using the BudCube cultivation model can start producing crops and revenue faster than ever before. By leaning on Cherubim Interests’ real estate development and property management business model, BudCube can offer prospective cultivators quick entry into the fast-growing cannabis cultivation market at a price point that is extremely appealing when compared to traditional construction solutions.

Being multifaceted and easily adaptable to a constantly changing business dynamic in the U.S. is essential for companies to stand the test of time. A diversified company that is taking advantage of the opportunities present in multiple industries with its business model is Cherubim Interests, Inc. (OTC: CHIT). The company targets alternative, commercial, single and multifamily dwellings for the purpose of investment purchase. Also, through its BudCube Cultivation Systems USA subsidiary, Cherubim Interests has developed a proprietary controlled environment cultivation technology aimed at helping cultivators of legal medical and recreational cannabis, as well as other plant species, meet rising market demand.

Coupled with the real estate development and property management business model of parent company Cherubim Interests, BudCube is able to offer prospective cultivators quick entry into the rapidly expanding cannabis cultivation market at a price point that is extremely attractive when compared to traditional construction solutions.

Legal marijuana is the fastest-growing industry in the U.S., and if the trend toward legalization spreads to all 50 states, marijuana could become larger than the organic food industry, according to a report obtained by The Huffington Post. Researchers from The ArcView Group, a cannabis industry investment and research firm based in Oakland, California, found that the U.S. market for legal cannabis grew 74 percent in 2014 to $2.7 billion, up from $1.5 billion in 2013, and it is projected to be $37 billion after full legalization.

BudCube’s business model is unparalleled in the cultivation industry. Cherubim Interests will own and develop each property, while BudCube will construct, deploy and lease turnkey cultivation systems to tenants. The company plans to offer both single tenant ‘macro’ solutions and multi-tenant ‘micro’ solutions to meet the unique needs of both established and upstart cultivation operations.

Also, Cherubim Interests recently announced its acquisition of Golden Eagle Roofing, LLC. This acquisition allows the company to immediately engage in the roofing and insurance restoration businesses in Rowlett and Garland, Texas, and the surrounding areas, where an EF-4 tornado destroyed and damaged more than 450 buildings in 2015.

Earlier today, Cherubim Interests, Inc. (OTC: CHIT) announced that it has executed a memorandum of understanding to acquire 100 percent of the membership interests of Golden Eagle Roofing LLC, a residential and commercial roofing contractor based in Plano, Texas. In the news release, Cherubim CEO Patrick Johnson described the acquisition as an “immediate game changer” for the company. Following completion of this acquisition, Cherubim will gain a direct channel through which to engage roofing, insurance restoration and many other types of general construction projects throughout Texas while continuing to bolster the marketability of its innovative hybrid business model.

“We’re very pleased to make this acquisition as it fell right into our laps,” Johnson stated in the release. “The company has very good fundamentals, performing history, and a monumental first start to the year due to the recent tornado that struck Rowlett, Texas.”

Golden Eagle Roofing was incorporated in 1994 and has maintained an A+ rating with the Better Business Bureau for more than two decades. The contractor has extensive experience with all kinds of roofing projects, including working directly with insurance claims adjusters in order to ensure that weather-related roofing damage is properly addressed following storms. Most recently, on December 26, 2015, an EF-4 tornado ripped through the neighborhoods of Rowlett and Garland, Texas, damaging or destroying roughly 450 homes and commercial structures. Golden Eagle has played a key role in repairing this damage, allowing residents to return to their daily lives.

“Golden Eagle is doing important, vital work to help get the people of Rowlett back on their feet, and back in their homes,” continued Johnson.

For Cherubim, this acquisition is expected to greatly accelerate its move toward cash-flow production. Johnson estimated that acquiring Golden Eagle will put the company at least six months ahead of schedule from a cash-flow production perspective.

“Any time you can buy cash flow it is a win, and we are excited about the impact Golden Eagle Roofing will have on the Company in 2016 and beyond,” concluded Johnson.

In recent weeks, the company has turned much of its attention toward bolstering its leadership team ahead of what’s expected to be an impactful year for shareholders in 2016. Last month, Cherubim announced the appointment of Tom Crompton, an accomplished operational executive with multi-industry experience, to the positions of executive vice president and advisor to the board. Weeks later, the company added Riall Johnson as director of political affairs and Josh Kuhlmann as inside council.

An alternative construction company, Cherubim Interests, Inc. (OTC: CHIT) invests in undervalued real estate properties for the purpose of improvement. The company seeks alternative, single, multifamily, and commercial dwellings for purchase then covers each step in the development process from due diligence to property management. Cherubim Interests aims to improve communities while providing high returns to investors. The goals and successes of the company lay on the shoulders of its top leaders with the added advantage of newer members.

Patrick Johnson, CEO, attended the University of Oregon and the Craig James Broadcast School while being an active participant in charity and nonprofit organizations. Johnson was also a prominent NFL player with the Baltimore Ravens, Jacksonville Jaguars, and Washington Redskins. Not only does he have a solid background on the field, but Johnson also has held C-Level positions in the oil, gas, construction, and nutraceutical industries. Plus, he has been a consultant in the fields of corporate finance, mining, equity, entertainment, and gaming.

Chief operating officer Gary Fewell also has an impressive resume that starts with his 15 year involvement in the oil and gas industry. He has 20 years of experience working with Fortune 500 companies, along with startups. Fewell also has financial analysis, procurement, and budgetary skills along with an ability to identify long term growth opportunities for Cherubim Interests. Next is Corbin Grubbs, chief financial officer, with over 20 years of accounting and financial business experience. He’s held management positions in the automotive, manufacturing, healthcare, and financial industries.

Though an impressive team already runs Cherubim Interests, the company continues welcoming newcomers with open arms. Riall Johnson recently joined the company as director of political affairs. A former professional football player, Johnson received his sociology degree from Stanford while actively volunteering in the community. Throughout his career, he has helped in many political campaigns, including the presidential election of 2012 and the gubernatorial election of 2014. Another addition, Josh Kuhlman, who serves as inside counsel, is a licensed attorney in both Texas and Florida. While earning his law degree in Jacksonville, Florida, Kuhlman worked with the Florida Fish and Wildlife Commission; then, he became a prosecuting attorney.

Patrick Johnson stated that the company is “very pleased to make these talented additions to our roster.” The company hopes these experienced newcomers will provide energy and new ideas that push Cherubim Interests toward its collective goal of becoming a leader in alternative construction.

Cherubim Interests, Inc. (OTC: CHIT) is focused on beautifying the great state of Texas with the support of strategic partners and newly secured capital resources. The company has set its sights on playing a significant role in enhancing the local community’s visual appeal while also improving its infrastructure and creating new jobs.

Within the last year, Cherubim Interests Inc. has been diligently executing on its business plan. To handle the expansion of its alternative construction and real estate development business, the company rolled out modifications to its business model viewed by some as a compass that will enable it to work its way through a transitional stage.

Cherubim Interests specializes in due diligence, acquisition, planning, construction, renovation, and property management. The company’s expertise allows it to run turn-key development programs for acquisitions such as mixed use, single and multifamily projects. These deliverables also provide the company with the ability to upgrade these assets to their full market potential while building shareholder value and equity. The company has assembled a clear strategy to excel in this high-potential industry by leveraging the skills and expertise of its management team to become a formidable player in the construction space for years to come.

In the company’s first ten years since its inception, Cherubim Interests has been steadfast in its vigilance to protect its stockholders’ investments and increase their equity. With the aforementioned plan, the company is on path to enhance its ability to execute on its business strategy and capitalize on new opportunities in the real estate sector.

As Cherubim Interests continues to roll-out its hybrid business model, it will enhance and escalate its business strategy and continue on the road toward acquiring undervalued real estate assets. It is a process that Cherubim Interests is committed to – one that is supported through sustained efforts of teamwork and staying the course over time.

Cherubim Interests, Inc. (OTC: CHIT) is investing in the foundation of its community. The company, which invests in undervalued real estate assets, is creating safer living environments and promoting more desirable lifestyles for future generations in the state of Texas, the site of its headquarters.

Cherubim Interests is dedicated to beautifying Texas while establishing a strong base that the larger community can continue to build upon for years to come. With the support of current strategic partners and newly secured capital resources, the company means to play a large role in sprucing up the locale, improving its infrastructure and creating new jobs.

In the past year alone, Cherubim Interests has advanced its business model significantly. To handle the expansion of its alternative construction and real estate development business, the company developed a new playbook, one that will serve as a roadmap as its charts a way through this transitional stage.

Within the alternative construction industry, Cherubim Interests specializes in due diligence, acquisition, planning, construction, renovation, and property management. This all-inclusive expertise allows the company to provide beginning-to-end development programs for all acquisitions (specifically, mixed use, single and multifamily projects and properties). It also empowers the company with the ability to upgrade these assets to their full market potential while providing a notable return to investors. So, not only has Cherubim Interests put together a clear strategy to excel in this high-potential industry, it also has the tools and team in place to dominate in coming years.

In the decade since its establishment, Cherubim Interests has sought, continuously, to protect its stockholders’ investments and increase their equity. With its bold, new plan, the company is aiming to improve its ability to execute on its business strategy and capitalize on new opportunities in the real estate sector.

As Cherubim Interests further proves its hybrid business model and reaches for new heights, it will escalate its game plan and continue to enhance its process for acquiring undervalued real estate assets. It is a process that Cherubim Interests is committed to, and it will be backed by a combination of effort, teamwork and time.

Cherubim Interests, Inc. (OTC: CHIT) is an investment company with its energy and resources centered on single and multi-family dwellings for purchase. The company also targets undervalued commercial assets. Cherubim’s business model is geared toward becoming a leader in property management, alternative construction, multifamily real estate, and investment opportunities. A trademark of the company is its hands-on involvement with each project from start to finish, addressing general management, acquisitions and construction. Company initiatives promote safer living and enhanced lifestyles that drive maximized shareholder value for its investors.

In a recent adjunct move to facilitate its growth plans, Cherubim signed a Memorandum of Understanding (MOU) with United Cannabis Corp. (OTCQB: CNAB) to supply, deploy and provide the technical means to cultivate cannabis.

“This industry is moving very rapidly,” stated Patrick J. Johnson, CEO of Cherubim Interests, Inc., in a recent news release. “As we see the front of legalization push across states and even into the platforms of the next presidential election, companies are scrambling to catch up. The market is there, the demand is high, but the supply from legal cultivators is low. Cherubim Interests and BudCube are uniquely positioned at this perfect apex of an emerging, billion dollar market; we are positioning ourselves to meet the impending demand by supplying the facility necessary to bring existing as well as start-up companies into full scale production in a matter of months.”

Cherubim will own, manage and develop new properties while BudCube will oversee the technology and cannabis cultivation system application. Both companies will partner to deliver single and multi-tenant solutions for prospective cannabis growers. This strategy is expected to deliver handsome financial growth numbers for both companies.

Cherubim is led by a group of highly experienced directors and a management team with expertise in a variety of disciplines ranging from property management and construction to finance. CHIT is determined to fulfill its vision of becoming a leader in the fields of alternative construction, multi-family real estate development, property management, and investment.

Cherubim Interests (OTC: CHIT), an investment company, focuses its attention on undervalued commercial assets and single and multi-family dwellings for purchase. The company aims to be at the forefront of alternative construction, property management, multifamily real estate, and investment opportunities. The company is involved with each project from beginning to end by covering due diligence, acquisitions, construction, and management. Cherubim Interests promotes safer living environments and better lifestyles overall with its business model while promising high returns for investors.

Recently, the company has partnered with BudCube Cultivation Systems, a subsidiary, to get involved with the rapidly growing cannabis market, which is expected to grow $35-$51 billion in the long run. BudCube has developed a proprietary cultivation technology that allows cannabis businesses to meet increasing market demands. This technology will allow a faster output of cannabis along with faster financial gain.

Cherubim Interests will own and develop new properties while BudCube will handle the technology and cannabis cultivation system application. Both will deliver macro solutions (single tenant) and micro solutions (multi-tenant) for prospective cannabis growers. This strategy is expected to promote huge financial growth for both companies.

Along with BudCube, Cherubim Interests also establishes investments within the Texaplex. This is a triangular region in Texas consisting of Dallas-Fort Worth, Austin, San Antonio, and Houston. These cities are largely populated and highly influential. They each have booming economies that cultivate innovation and culture while providing a lower-cost of living.

Using these two strategic resources, Cherubim Interests seems to have solidified its investment goals while paving the way for more. These thriving opportunities should provide a great financial return to the company and its investors.

Cherubim Interests, Inc. (OTC: CHIT) is strategically positioned to realize considerable growth in the months to come, and the company is now making efforts to reward the loyal shareholders who have supported it throughout its transitional phases. As part of these efforts, Cherubim recently announced its inaugural convertible preferred stock dividend, which is intended benefit shareholders of record as of December 31, 2015. Following the cutoff date, the company plans to issue one restricted preferred share of Cherubim Interests for every 100,000 shares held. The company will also issue fractional shares for investors who have purchased less than 100,000 shares.

“This announcement and impending issuance will help those that have seen the dilution in the open market affect their cost average,” Patrick Johnson, chief executive officer of Cherubim, stated in a news release. “Issuing anti-dilutive convertible preferred securities to stockholders as dividends also ensures that they will not be impacted by third-party debt conversions.”

The dividend announcement came just a day after Cherubim signed a memorandum of understanding with United Cannabis Corp. (OTC: CNAB) outlining plans to supply, deploy and provide the technical means to cultivate cannabis. Through subsidiary BudCube Cultivation Systems (BCS), Cherubim will seek to provide the capital investment needed to cover real estate purchases, improvements, construction and deployment for rental locations. After Cherubim delivers, installs and connects the necessary modules to promote cannabis cultivation, CNAB will provide fee-based consulting services on a variety of topics – including standard operating procedures, cultivation, inventory control and management systems, genetics counseling and testing procedures, extract processing and equipment design and proprietary product lines.

By gaining access to CNAB’s existing industry relationships and expertise, Cherubim greatly accelerated its timeline. According to Johnson, the company is now a year or more ahead of its original schedule, and CNAB’s data regarding client servicing is expected to play a key role as Cherubim seeks to promote sustainable growth moving forward.

Cherubim specializes in alternative construction projects by covering the full spectrum of real estate development. The company’s subsidiary, BCS, has developed a fully portable and scalable method of cultivating cannabis, as well as many other plant species, in a diverse range of climate conditions. Cherubim is currently leveraging a unique business model that combines these two fields by developing modular, turn-key cultivation facilities that can be leased to both upstart and established cultivators.

“We are excited to have Cherubim as a collaborative partner in the construction of cutting-edge laboratory and cultivation facilities. It’s another vital step in accomplishing our mission of providing cannabis based therapies to patients around the world,” stated Earnest Blackmon, CEO of United Cannabis Corp.

The MOU outlines a business model that Cherubim and its BudCube Cultivation Systems (“BCS”) subsidiary are pioneering in the real estate development and medical as well as recreational cannabis cultivation industries. Cherubim will lease modular turn-key cultivation facilities to new and existing market participants in a “mini-storage” or “co-op farming” scenario.

“First, we provide the necessary capital investment to cover any land purchase and improvements, as well as construction and deployment to location for leasing, These portable modules when combined, provide the floor space and square footage required for operations. We then deliver, install and connect the modules while providing standard operating procedures and ongoing maintenance as needed,” Cherubim CEO Patrick J. Johnson explained in the news release.

Though the cannabis/marijuana industry is rapidly growing in terms of public and legislative acceptance, vertical markets, and revenue opportunities, supply is falling short. Addressing this need is where Cherubim plans to lock-in its market position.

“As we see the front of legalization push across States and even into the platforms of the next presidential election, companies are scrambling to catch up. The market is there, the demand is high, but the supply from legal cultivators is low. Cherubim Interests and BudCube are uniquely positioned at this perfect apex of an emerging, billion dollar market; we are positioning ourselves to meet the impending demand by supplying the facility necessary to bring existing as well as start-up companies into full scale production in a matter of months,” said Johnson. “With their existing industry relationships and the services they offer, we believe that our relationship with United Cannabis puts us a year ahead of schedule or quite possible more. We no longer have to reinvent the wheel from a client servicing perspective as United Cannabis has already created that wheel.”

“Over the past few weeks, we have experienced a lot of progression in our business model, due in part to our Stimulus Package and the issuance of Anti-Dilutive, Convertible Preferred Shares,” stated Patrick J. Johnson, CEO of Cherubim Interests, Inc.

“Some weeks ago, the company amended its Articles of Incorporation and Corporate Bylaws to create a series of Convertible Preferred Shares in order to protect its shareholders who have securities that are ‘underwater’ after purchase in the open market,” added Johnson.

“We devised a playbook to handle exactly this type of scenario and it has served its purpose as a road-map for charting a course through these transitionary stages,” continued Johnson.

“This route has enabled the company to remove any future compounding derivative liabilities on the balance sheet,” said Johnson. “We are now pleased to announce that the company has retired the majority of this ‘toxic’ type of debt.”

Shareholders who have been holding a minimum of 100,000 shares of Common Stock dating back to May 1, 2015, and were affected by this dilution, are asked to contact the Company at golong@cherubiminterests.com. Representatives will then arrange the verification and the issuance of convertible preferred shares.

“Obviously the Company seeks to protect the integrity of the investments made by our stockholders,” stated Johnson, “as we realize that this process has impacted some of them greatly and this is a way for the company to shore up these investors.”

The company to date has converted over a half-million dollars of its principal affiliate debt and will be filed in form 8k in the coming days. The company also expects to remove additional Principle Affiliate Debt in the very near future.

Concerning the previously announced convertible preferred stock dividend, Johnson said the company is currently waiting on approval from FINRA and anticipates to have it finalized shortly.

Contrary to one of the leading memes put forth to explain the recent Ohio electoral defeat of Issue 3, which would have made marijuana legal and taxed, this was not really a rejection of the concept itself, so much as the proposed implementation methodology. Cultivation, you see, would’ve been limited to a tiny handful of only ten pre-chosen properties and the formation of Ohioans against Marijuana Monopolies by Democratic Rep. Mike Curtin, which led the charge against this looming threat, was a clear shot across the sector’s bow when it comes to the formation of monopolistic or cartel-like market structures.

The issue of marijuana legalization is far from dead in Ohio and many analysts are chalking up a big portion of the recent down vote to skittishness at plunging into the deep end head first. For unlike other states that approved medical marijuana in advance of legalization, Ohio was attempting to quit prohibition cold turkey.

Legal marijuana is the fastest growing industry in the country right now, with leading sector analysis shop, ArcView Market Research, clearly detailing the case in report after report. ArcView’s State of Legal Marijuana Markets report is now in its third edition and indicates that, in addition to 74 percent market growth last year to around $2.7 billion, the legal marijuana market ceiling (if all states legalized) is currently just under $37 billion. According to analysts at ArcView, fourteen more states are geared up or are gearing up to legalize adult use, and at least two more states are headed toward implementing medical marijuana legislation by 2019. If only this amount of legalization or decriminalization occurs, the market would grow to around $10.8 billion, generating vast sums of tax revenue in the process.

Doubling down on this growing trend towards more sensible marijuana legislation and the taxable, multi-billion dollar industry it is rapidly fueling, is diversified construction, real estate development, and controlled environment agriculture player, Cherubim Interests (OTC: CHIT). With a footprint spanning diverse but synergistic industries, Cherubim is leveraging a unique, hybrid business model in order to maximize shareholder benefit. A model which is driven by alternative commercial, single and multifamily dwelling opportunities on the one hand, and by exploitation of the company’s exclusive worldwide license for proprietary plant cultivation technology, via its wholly-owned BudCube Cultivation Systems USA subsidiary, on the other.

BudCube’s portable, scalable cultivation system allows cultivators quick entry into the market using a logistically more efficient solution than traditional site build out and cultivation system implementations – and at a substantially lower price point to boot. Tag teamed with a real estate development and property management effort, BudCube Cultivation Systems can strike like lightening, and rapidly hit anywhere on earth that cannabis cultivation becomes legalized. Whether it is taking existing square footage and dropping in an array of BudCube’s, or leasing BudCube’s to cultivators as a drop-in, no nonsense solution for easily maintaining crop integrity, yield, and potency – Cherubim Interests is aiming to ride the crest of the green rush all the way to money town.

Investor upside is serious business for CHIT, too, with the recent issuance of a Convertible Preferred Stock Dividend to individual shareholders clearly marking the front end of what is an entire series of carefully planned initiatives designed to bolster stockholder equity. This raft of stimuli is also intended to serve as a schematic moving forward, pulling in more and more investment as Cherubim Interests accelerates into the acquisition of undervalued assets. To wit, on November 5, CHIT initiated a move to fund the acquisition of one or more income producing properties via the issuance of convertible preferred shares, with preferred shareholders receiving dividends that are tied directly to property income.

Cherubim is keeping its lips tightly sealed until negotiations have been finalized, but anticipates disclosing the location of the initial target location within weeks. CEO of CHIT, Patrick Johnson, indicated to markets that the company currently has a number of potential locales in the hopper with strong investment potential, and that the company is now quite busy with the final due diligence on a carefully vetted handful of other targets.

Exciting times for a company like CHIT, with its extensive real estate development know how spanning due diligence, acquisition and planning, as well as construction, renovation, and eventual property management. With its bedrock in handling full-spectrum, start-to-finish development programs on properties for commercial, single and multifamily, as well as mixed use, Cherubim Interests is perfectly positioned to capitalize both on the real estate market, where housing starts were up 6.5 percent in September, with an 18.3 jump in multifamily units (including apartments and condos), and the burgeoning marijuana market.

With its core real estate development and property management focus in the heart of the booming state of Texas, Cherubim Interests continues to benefit from what is argued by many analysts to be the nation’s best state economy. Even with slumping energy prices putting downward pressure on one of the state’s major sectors, the Texas economy continues to roar, posting 5.2% growth last year (more than double the national average), second only to North Dakota. However, unlike North Dakota, Texas is showing exceptional resilience in the face of lower lows in the energy market. This reflects the state’s sheer size, low unemployment and surprising economic diversity, with sectors like tech and transportation continuing to attract huge volumes of new residents.

With a business model that features targeting solutions like raw land acquisitions that have the potential for redevelopment, as well as a great deal of experience resident in the company’s management/directors when it comes to handling alternative, commercial, single and multifamily projects, CHIT is able to truly deliver on its broad-spectrum approach to real estate development. This broad-spectrum approach, which runs the gamut from initial discovery and due diligence, through construction and on into property management, has helped mature this relatively small company into what could eventually become one of the real estate industry’s major regional leaders.

CHIT’s emphasis on the so-called Texaplex region of Texas, the central area between the Dallas-Fort Worth Metroplex up north, Houston in the southeast and Austin/San Antonio in the southwest, which contains over 75 percent of the state’s population, makes a great deal of economic sense for the company. For instance, in Austin, which has very little exposure to the energy sector, data from the Federal Reserve Bank of Dallas’ beige book released back in July indicated that May job growth increased at an annual rate of 6.6%, with high-paying scientific and technical services jobs being noted in particular as a key driver of said growth.

Home to roughly 20 million or more people, the Texaplex is an ideal location for the company to apply its de-risked approach to the real estate market, and CHIT’s recent announcement that it is moving to acquire income-producing properties via the creation of a class of Convertible Preferred Stock has many analysts with their ear to the ground, eagerly awaiting the disclosure of the company’s initial target location. Many analysts are predicting Cherubim Interests will go with targets in the Texaplex region, selecting opportunities there from out of the wide array of locales the company has been vetting, in order to minimize outlays and maximize shareholder upside.

Adding to the de-risked nature of the company’s approach to real estate development is Cherubim’s second major growth vector, a leasable, proprietary controlled environment cultivation technology designed to give growers an edge in the burgeoning $2.7 billion legal cannabis market. Developed through the company’s BudCube Cultivation Systems USA subsidiary, the BudCube is an innovative, self-contained grow system for marijuana or any other type of plant, such as high-value organic produce, which strips away the substantial logistical barriers to entry that many growers face. Completely scalable, the BudCube system is perfect for either large-scale applications or micro grow ops, and CHIT is taking a very aggressive approach to the space, with plans to simply lease these turn-key cultivation systems to clients.

Armed with a real estate development capability, CHIT has the capacity to set up shop anywhere marijuana is made legal, and can really make a name for itself in this yet-nascent industry by helping growers avoid the high costs of building out new infrastructure. After all, why build when you can lease existing square footage and then just drop in hardware, simultaneously ensuring that key objectives are met, such as site security, high strain purity in the finished product and a lack of contamination from insects, molds or chemicals. The idea to strip the grow model down as far as the level of personal storage units is ingenious, putting an extreme amount of highly valuable flexibility into the hands of growers, even as more and more states continue to pass groundbreaking legislative reforms on cannabis production/consumption.

With a BudCube-based cultivation model, growers can be up and running, generating revenue from the first season’s crop, in the time it would otherwise take to set up new facilities, and get everything moved in. With an initial beta testing launch facility already in the offing up in Oregon, where recreational marijuana was recently approved ahead of schedule, BudCube could rapidly develop into a go-to controlled environment cultivation tech for the sector, and longer term this technology could provide a turn-key solution for controlled organic produce farming as well.

As states across the country continue to repeal marijuana prohibition put in place by what are now antiquated federal regulations, the opportunity for CHIT will only grow exponentially, and the company’s exceptional execution time should give it a decided edge in beating out competing solutions.

Cherubim Interests issued a press release announcing that multiple major debt holders of CHIT have agreed to convert USD $506,806.96 of debt currently on the balance sheet to Series B Convertible Preferred Stock at a price of $2.50 per share. According to the release, these supporters have been invested in the company for some time now and were pleased to show additional support.

“By cleaning up the balance sheet and creating equity for the company, we are delivering on our promise to shareholders to make bold and significant improvements to our bottom line,” stated Cherubim Interests CEO Patrick Johnson. “By eliminating over a half-million dollars in debt, the Company passes an important milestone on its journey toward meeting the $4 million shareholder equity threshold, which in turn helps in achieving all qualifications for listing on the NYSE Markets. This is just one of several important, strategic financial transactions that will enhance the Company’s position going forward.”

Cherubim Interests is a unique company in its pronounced dedication to improving its home state of Texas, while providing substantial return to its investors, by turning around undervalued real estate assets, creating safer and more desirable living environments for current and future generations. The company’s vision is of becoming a leader in the fields of alternative construction, multi-family real estate development, property management, and investment.

An example of this creative orientation is Cherubim’s work with BudCube Cultivation Systems USA, developers of a proprietary controlled environment cultivation technology aimed at helping cultivators of legal medical and recreational cannabis, as well as other plant species, meet rising market demand. Coupled with the real estate development and property management business model of parent company Cherubim Interests, BudCube is able to offer prospective cultivators quick entry into the rapidly expanding cannabis cultivation market at a price point that is extremely attractive when compared to traditional construction solutions.

In support of their objectives, the company has brought together a management team with a strong community and commercial spirit and background in areas such as construction, finance, and property management.

Patrick Johnson (CEO), coming from a championship sports background, has proven himself in senior level positions in the construction, oil and gas, and consumer products industries, in both public and private sectors, in addition to consulting in the private equity, mining, gaming, entertainment, Internet, and corporate finance industries. In his career he has also assisted a variety of charities and non-profit organizations through volunteer work and fund raising. It must be said that his outstanding experience in college and pro sports was hugely foundational in his remarkable win-win orientation and ability to work with people to achieve sky-high goals: Olympic-caliber sprinter, Pac-10 Championship winner in the 400 meters, defeating the legendary Carl Lewis in the 100-meter, All-American football player in college, Oregon Athletics Hall of Famer, member of Super Bowl winning Baltimore Ravens.

Gary Fewell (COO), brings more than 20 years of experience in both management and work environments, from Fortune 500 companies to start-up businesses, including in financial analysis, procurement, budget management, and all phases of project development. In the oil and gas industry, he benefitted from working with highly recognized professionals, coordinating a number of projects from conception through completion, and has developed a special focus on spotting long term growth opportunities.

Corbin Grubbs (CFO), has over 20 years of accounting and financial business experience, holding management and leadership positions with both private and public market leaders in the financial services, manufacturing, automotive, and healthcare industries. This includes being a former Director and CFO of a nationally recognized debt purchaser, later successfully selling the company’s portfolio assets to a larger publically held company.

Cherubim Interests, Inc. has announced a plan its already begun executing to acquire income-producing properties through the creation of a class of Convertible Preferred Stock.

“Cherubim Interests, Inc. will begin placing an issue of convertible preferred shares to fund the acquisition of one or more income producing properties,” stated Patrick J. Johnson, CEO of CHIT. “The properties will in turn generate revenue for the Company and holders of the preferred stock.”

According to the press release, income from the investment properties will be tied to the preferred stock and paid out as dividends. The price for each share of the preferred stock has been set at $5.00 (US). The location for the first group of properties will be released in the coming weeks as negotiations continue to move forward.

“We are looking at a variety of locales and situations that have strong investment potential,” added Johnson. “We’ve narrowed the field and are closing in on our first targets. We expect things to happen very quickly. Look for more information in the coming weeks as a deal could be done as early as the end of this month.”

Cherubim Interests believes that creating a portfolio of income-producing properties will be an important part in its current strategy of acquiring assets and building wealth for shareholders.

Cherubim Interests has progressed from researching opportunities in the controlled environment agriculture sector to engaging in promising ventures. The company found its way into this space this past summer when it acquired an exclusive license to deploy a self-contained cultivation unit designed to enable perennial plant cultivation in any locale with water and electricity.

Cherubim Interests will work in unison with its wholly-owned subsidiary, BudCube Cultivation Systems (BCS), to build, install and lease facilities employing this proprietary plant cultivation technology for commercial applications in states where growing medical and recreational cannabis is lawful.

Cherubim Interests has been tracking the progression of the cannabis industry for some time. When a growing number of states in the U.S. began legalizing the recreational and medical use of cannabis, the company decided to strike while the iron was hot and exploit the rising demand for grow space for cannabis and other plant species. In addition to addressing unmet needs, the company wants to develop the standard operating procedures for the plant cultivation technology and industrial facilities it is focus on constructing, deploying and leasing.

Cherubim Interests is standing at a crossroads at this moment in time. Although newly evolving, the recreational and medical marijuana industry is changing at a fast pace. The company has an opportunity to leave its imprint on this industry but it needs to move quickly. To ensure it operates flexibly and with scalability in mind, Cherubim Interests has adopted a hybrid business model and creative marketing strategy that, while uncommon in the real estate and agriculture industries, is effectual for the company.

Cherubim Interests’ licensed solution will offer cannabis plant growers the opportunity to lease a portable and scalable turn-key cultivation option. With this solution, the company sees itself filling a gap for two types of growers: first-time growers who want to enter the industry, and experienced planters lacking the funds to purchase land of their own, construct facilities of their own or improve existing buildings in order to create a model environment for growing and harvesting high-grade cannabis plants.

Owing to their focus on cultivation solutions for commercial applications, BCS and Cherubim Interests are concentrating on offering cultivators quick entry into this fast-growing market. They mean to do so at a price point that is very attractive when compared to typical construction and cultivation solutions. In so doing, they stand to benefit significantly as more participants seek to gain entry into this sector.

Cherubim Interests, an investment company, aims to be at the forefront of alternative construction, property management, and multi-family real estate development while maintaining high returns for shareholders. The company seeks to purchase undervalued real estate in order to improve and revamp them while creating rapid market growth, meaning more jobs in those areas. Cherubim Interests typically renovates third-party multi-family dwellings and is involved in all aspects of development such as acquisition, research, planning, construction, and management.

One of its projects, the Texaplex Advantage, centers on establishing strong foundations that encourage market potential in Texas. The Texaplex is a triangular region in the Lone Star state that comprises the cities of Dallas-Fort Worth, Austin, San Antonio, and Houston. The state keeps steadily rising as a successful business hub with a booming economy that boasts a low cost of living. In fact, each Texaplex city was in Forbes’ list of Top Five Best Big Cities for Jobs. The cities were also featured in Forbes’ Top Ten lists of ‘Best Cities to Buy a Home’ and ‘Best Bang for the Buck Cities.’

The company anticipates that the Texaplex venture will produce profitable gains for investors since four out of five Texans live in that area, totaling 18 million people with estimates of an additional 14 million by 2030. Texas also created 1.2 million jobs within the past five years and contributed to half of all jobs created in the United States just this past year. Therefore, with more and more people gravitating to the area, building investments will flourish.

With the economic success and appeal of the Texaplex, Cherubim Interests expects even more alternative construction projects in the near future.

The company recently announced that it has filed a Corporate Action with FINRA to provide a Convertible Preferred Stock Dividend to its individual stockholders that will “protect the integrity of people’s investments in the open market.”

Cherubim Interests this morning announced it has filed a Corporate Action with FINRA to issue a Convertible Preferred Stock Dividend to its individual shareholders. Shareholders will be mailed physical certificates of Convertible Preferred Stock bearing a restrictive legend that will have a holding period. Once the Corporate Action is approved, shareholders will receive details of the transaction.

“There has been significant dilution over the recent past in Cherubim Interests, Inc., and the reason for that has been the issue of the automatic conversion of aged non-affiliated debt on our companies books. We are currently in the process of negotiating settlements with many of our debt holders, as we acknowledge that responsibility; and at the same time, we also want to protect the integrity of people’s investments in the open market,” Patrick J. Johnson, CEO of Cherubim, stated in the news release.

“We acknowledge the fact that our market has not recently performed to the satisfaction of our stockholders due to the automatic debt conversions of aged debt,” he continued. “And by issuing anti-dilutive, restricted convertible preferred securities to investors who securities are ‘underwater’ after purchasing our stock in the open market makes sense, because the dilution has impacted them the most. The rights and privileges of the restricted convertible preferred securities have already been noted in the company’s amended articles of incorporation. The Record Date & Payment Date will be known to our stockholders, once FINRA approves the filing.”

Cherubim specializes in alternative construction projects, along with comprehensive real estate development, including due diligence, acquisition, planning, construction, renovation and management; providing complete beginning-to-end development programs for mixed use, single, and multifamily projects and properties. The company’s BudCube Cultivation Systems USA (“BCS”) has developed a proprietary, fully portable and scalable, Controlled Environment Cultivation Technology that serves as a turnkey solution for cultivators of legal medical and recreational cannabis, as well as any other plant species. Coupled with a real estate development and property management business model, BudCube Cultivation Systems can position itself anywhere in the world where the cultivation of cannabis is legal.

It looks like the tax revenue assessment on recreational marijuana sales in Oregon by government officials may have underestimated just how big and robust the consumer market really is, with the initial forward projection of around $9 million for 2017 looking like it will be surpassed with ease. Subsequent to recreational sales being approved ahead of schedule via a bill signed by Governor Kate Brown, the amount of money taken in by dispensaries within just the first week alone has effectively crushed the official estimate, as some $11 million in sales were completed in the state’s first week of open commerce, and current estimates are that $3.5 million was taken in on day one. With tax revenues set to kick in this January, state coffers could be filling up vastly quicker (and to a much greater extent) than originally anticipated, especially when you consider Oregon’s first week of sales more than doubled those seen in Colorado ($5 million), and beat out Washington by a landslide (which did only $2 million in sales during week one). If this keeps up, tax revenues next year will be hefty indeed – forcing other state legislatures to take the issue even more seriously.

This is a very bullish indicator for the sector overall and should give investors significant pause, as these sales figures represent a clear shot across the bow of remaining holdout states which continue to be on the fence about essentially repealing federal marijuana prohibition via state-based legislative measures. With these kinds of sales figures coming out of Oregon on the heels of an early start, it’s only a matter of time before the cultural sea-change that is already evident from recent polling (which shows a majority of Americans are now in favor of decriminalization) puts a bright spotlight on cash-strapped holdout states, making legislators in those states appear to voters as somewhat insane for not simply regulating and taxing the substance. With the now strikingly obvious potential upside for things like education and law enforcement funding, many constituents around the country are starting to clamor after their state representatives to follow suit with states like Alaska, Colorado, Oregon and Washington. This is all extremely good news for various operators within what is projected by leading cannabis industry research firm, ArcView Group, as being a market which is on track to hit $11 billion within the next four years alone. And that figure seems pretty conservative to some analysts, given that between 2013 and 2014 the market grew by 80 percent, clocking in somewhere around $2.7 billion last year.

One of the areas of the marijuana sector that stands to gain the most growth-wise from a continuing shift towards recreational use across the country is baseline logistics, where things like grow op facilities, various industry-associated real estate elements, cultivation products, and controlled environment agriculture technologies reside. After all, supply origination within this industry – which is going to be driven more and more by commercial-scale premium strain quality cultivation as restrictions wane – is, in many respects, the foundation of the entire sector. Classic “pick and shovel” plays are looking like a solid target for investors seeking to profit off of the incremental, seemingly inevitable nationwide decriminalization of cannabis that is taking place as the so-called Green Rush progresses. And, as was the case with the repeal of alcohol prohibition, some of the biggest fortunes in the industry will likely arise from those companies who get the product origination and logistics right. Not to mention the businesses which service them. In fact, as is the case in the oil industry, where oilfield service companies like Halliburton are some of the top earners, businesses providing services and products to the core commodity originators could be the biggest names in the industry after it’s all said and done.

We’re talking businesses like development-stage alternative construction outfit, Cherubim Interests. With its core competencies in construction, finance and property management, as well as a wholly-owned subsidiary engaged in making and marketing portable, proprietary, and scalable cannabis cultivation systems: BudCube Cultivation Systems USA (BCS). In fact, Cherubim Interests, via its full-spectrum capabilities in alternative construction project development and turnkey cultivation systems, is poised to capture significant market share as the cannabis market continues to expand, thanks to its intelligent mix of baseline logistics offerings, whether that growth occurs here in the U.S., or abroad. The powerful combination of a real estate development and property management business model, empowered by a veteran team of managers and highly experienced directors, with the scalable cultivation tech provided by BCS, allows CHIT to strike hard and fast wherever in the world the cultivation of cannabis is made legal, and consumers stand ready to fuel retail market growth.

To this general end, CHIT has engaged Oregon-based consultation, research and development firm, DGrass Enterprises, which is led by a man with over a decade and a half of both indoor and outdoor cultivation experience, Dominic Grasseth. Grasseth, in addition to being CEO of DGrass Enterprises, is also the guy who opened the successful Eugene, Oregon-based retail and wholesale garden supply company, The Greener Side of Life, back in 2010. An enviably capable master gardener and horticultural expert, Grasseth has developed a skill set that will be invaluable to CHIT (and BCS) as the company continues to pursue its aggressive agenda of planned deployment and leasing of commercial cultivation facilities, wherever cultivation activities are made legal by legislators. A serial entrepreneur with vast sums of personal hands-on experience in the cultivation field, Grasseth is proficient across a wide array of pertinent disciplines, ranging from cultivation/production and extraction, to grow room design, consultation, and even the retail/marketing end of the business.

Moreover, CHIT recently announced that the company is taking huge strides towards fully shoring up its share price, via a series of intelligently-crafted initiatives designed to build shareholder equity, including strict maintenance of filing obligations in order to maintain seamless OTC Market disclosure, and amending the company’s corporate bylaws in order to create anti-dilutive convertible preferred shares. Furthermore, the company will act to insulate stockholders against past and future open market dilution by offering these shares via dividend payment, and using these convertible preferred shares as a form of currency in order to exchange outstanding derivative liabilities. In addition, CHIT plans to execute an S-1 filing that will enable holders of preferred shares (who’ve converted into specific, predetermined amounts of common stock) to see their securities become freely trading. This bold move by the company to reinforce the share price and build investor confidence, will simultaneously allow CHIT to retire much of its principal affiliate debt, with the interest being converted into restricted shares.

A clear sector strategy to capitalize on the cannabis industry’s most promising area, combined with share price strengthening initiatives has CHIT sitting pretty, even as Oregon leads by example, accelerating its recreational use retail timetable, and setting a new and unmistakable precedent for other states to follow.

This afternoon, Cherubim Interests Inc. issued a press release announcing a series of carefully crafted initiatives designed to enhance net stockholders’ equity.

“This package of initiatives will serve as a blueprint to acquire and attract investment and equity into our company,” said Patrick Johnson, CEO of Cherubim Interests Inc. “As we further prove our hybrid business model, we will escalate our game-plan with the Forward Acquisition of numerous undervalued assets and this program will only enhance the processes in doing so.”

The company’s strategy was laid out as follows:

– maintain its public disclosure on OTC Markets by remaining current in its filing obligations;
– amend its Articles of Incorporation and Corporate Bylaws to create a series of Anti-Dilutive, Convertible Preferred Shares to protect its majority stakeholders;
– insulate the stockholders from past, present, or future dilution in the open market by providing these anti-dilutive securities as a dividend payment;
– use convertible preferred securities as currency to exchange its derivative liabilities that exist on the financial statements in the form of affiliate and non-affiliate debt;
– execute an S-1 filing so that its new preferred stockholders, who have converted into a predetermined amount of common stock, can see their securities become free trading.

According to the press release, securities will soon become available to the common shareholders, pending FINRA approval. The equity derivatives are restricted for one year and will turn into a predetermined amount of common stock through issuance resolutions on the part of management, and convert at the par value of the public company.

“We will further strengthen investor confidence by committing ourselves to stock and cash dividends and by removing both affiliate and non-affiliate debt as this program will build net stockholders’ equity on the balance sheet and bolster current and future investor confidence,” added Johnson.

It is expected that a significant portion of the company’s principal affiliate debt will be retired for these instruments, while the interest will be converted into restricted common stock. The defaulted interest portion of the mature, secured, third-party non-affiliate debt will be assigned and converted into equity by their bond holders to remove any future compounding derivative liabilities on the balance sheet.

“This is a process we are committed to, and our resolve to complete these milestones will be a function of effort, teamwork, and time,” concluded Johnson. “Throughout this process we will maintain a transparent dialogue with our investors as to the clarity of implementing those objectives. And as we meet certain milestones, the investment community will be more thoroughly aware of this through our disclosures and public records.”

The commercial real estate market in Colorado is benefitting from growing demand. Marijuana merchants are struggling to find adequate warehouse space to hold their lawful cannabis cultivation and their demand for grow space is quickly surpassing the amount of vacant space available, which is causing leasing rates to rise significantly. Cherubim Interests plans to take advantage of this environment of rising demand and rates by leasing secured square footage to individuals and corporations who need it.

The company recently entered into the controlled environment agriculture sector through the acquisition of an exclusive global license for the deployment of a proprietary plant cultivation technology. BudCube Cultivation Systems, a Cherubim Interests subsidiary, designed the fully portable and scalable technology so that it would offer a turnkey solution for cultivators of legal medical and recreational cannabis and other plant species.

In early October 2015, Cherubim Interests and BCS joined forces with Dgrass Enterprises, an Oregon-based consultation and research and development firm, in order to create the operating procedures for the BCS technology and to add key personnel to ensure that they can execute their growth strategies. Dominic Grasseth, CEO of Dgrass Enterprises, is one of those key team members. A skilled and popular entrepreneur, consultant, master gardener and horticultural expert, Grasseth has over 16 years of indoor and outdoor growing experience. With specializations in cultivation, production, extraction, grow room design, consultation, and industry wide retail and wholesale equipment sales, he brings a decidedly focused, comprehensive and exceptional amount of hands-on experience to the partnership. Together, Cherubim Interests, BCS and Dgrass Enterprises intend to answer some of the needs of the swiftly-evolving recreational and medical marijuana industry.

A hybrid business model coupled with an inventive market strategy makes Cherubim Interests an uncommon operator within the alternative construction, real estate development and controlled environment agriculture sectors.

Cherubim Interests, development-stage alternative construction and real estate development company, this morning reported its partnership with consultation and research and development firm Dgrass Enterprises. Based in Eugene, Oregon, Dgrass will assist Cherubim and its BudCube Cultivation Systems (“BCS”) subsidiary with their growth strategy to further develop the Standard Operating Procedure (SOP) for BCS technology.

Grasseth has more than 16 years of combined indoor and outdoor growing experience, and in 2010 opened The Greener Side of Life, a retail and wholesale garden supply company in Eugene.

“We are thrilled and honored to have Dgrass Enterprises and as partners in this venture” said Cherubim CEO Patrick Johnson. “Dominic is one of the most skilled businessmen that I know in the industry and has the skins on the wall to prove it. We are excited about the bright future that lies ahead for us.”